Natixis Advisors LLC Purchases 11,568 Shares of Regal Rexnord Co. (NYSE:RRX)

Natixis Advisors LLC boosted its position in shares of Regal Rexnord Co. (NYSE:RRX) by 15.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,933 shares of the company’s stock after acquiring an additional 11,568 shares during the period. Natixis Advisors LLC owned 0.13% of Regal Rexnord worth $14,420,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. Headlands Technologies LLC acquired a new position in Regal Rexnord in the second quarter valued at approximately $46,000. UMB Bank n.a. increased its stake in Regal Rexnord by 72.5% during the third quarter. UMB Bank n.a. now owns 345 shares of the company’s stock worth $57,000 after purchasing an additional 145 shares during the period. EntryPoint Capital LLC purchased a new stake in Regal Rexnord during the 1st quarter worth about $68,000. 1620 Investment Advisors Inc. purchased a new position in Regal Rexnord in the second quarter valued at $52,000. Finally, GAMMA Investing LLC raised its holdings in Regal Rexnord by 13.9% during the second quarter. GAMMA Investing LLC now owns 647 shares of the company’s stock worth $87,000 after purchasing an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 99.72% of the company’s stock.

Insider Transactions at Regal Rexnord

In other Regal Rexnord news, CEO Louis V. Pinkham sold 8,774 shares of Regal Rexnord stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $180.03, for a total value of $1,579,583.22. Following the completion of the sale, the chief executive officer now owns 149,618 shares of the company’s stock, valued at approximately $26,935,728.54. The trade was a 5.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.82% of the company’s stock.

Regal Rexnord Price Performance

Shares of RRX opened at $171.16 on Thursday. The firm has a market capitalization of $11.34 billion, a PE ratio of 53.99, a P/E/G ratio of 1.83 and a beta of 1.04. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.45. Regal Rexnord Co. has a 52-week low of $113.79 and a 52-week high of $185.28. The stock has a 50 day simple moving average of $168.70 and a 200 day simple moving average of $156.93.

Regal Rexnord (NYSE:RRX) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.01. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.53 billion. Regal Rexnord had a return on equity of 9.48% and a net margin of 3.41%. The business’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period last year, the firm posted $2.10 earnings per share. Sell-side analysts predict that Regal Rexnord Co. will post 9.25 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Tuesday, December 31st. Regal Rexnord’s payout ratio is currently 44.16%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RRX. Barclays lifted their target price on shares of Regal Rexnord from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. StockNews.com raised shares of Regal Rexnord from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group raised their price objective on Regal Rexnord from $176.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Robert W. Baird reduced their price objective on shares of Regal Rexnord from $223.00 to $208.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, Loop Capital reaffirmed a “buy” rating and set a $200.00 price objective on shares of Regal Rexnord in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $193.00.

Regal Rexnord Company Profile

Regal Rexnord Corporation manufactures and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems worldwide. The Industrial Powertrain Solutions segment provides mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes, gear motors, clutches, brakes, special, and industrial powertrain components and solutions for food and beverage, bulk material handling, eCommerce/warehouse distribution, energy, mining, marine, agricultural machinery, turf and garden, and general industrial markets.